Constellium (NYSE:CSTM) Insider Sells $2,116,000.00 in Stock

Constellium SE (NYSE:CSTM) insider Philippe Hoffmann sold 80,000 shares of the business’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $26.45, for a total transaction of $2,116,000.00. Following the sale, the insider directly owned 55,425 shares in the company, valued at approximately $1,465,991.25. The trade was a 59.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Constellium Price Performance

Constellium stock opened at $26.36 on Friday. The stock has a 50-day moving average price of $23.02 and a two-hundred day moving average price of $18.35. The company has a market capitalization of $3.56 billion, a PE ratio of 13.66 and a beta of 1.48. Constellium SE has a 12 month low of $7.32 and a 12 month high of $27.41. The company has a current ratio of 1.29, a quick ratio of 0.51 and a debt-to-equity ratio of 1.96.

Constellium (NYSE:CSTM) last announced its quarterly earnings results on Wednesday, February 18th. The industrial products company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.44. The firm had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.05 billion. Constellium had a net margin of 3.23% and a return on equity of 32.14%. The company’s revenue was up 27.9% on a year-over-year basis. During the same period in the prior year, the company posted ($0.34) EPS. Analysts expect that Constellium SE will post 1.1 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Invesco Ltd. lifted its holdings in Constellium by 16.2% in the fourth quarter. Invesco Ltd. now owns 164,654 shares of the industrial products company’s stock worth $3,104,000 after buying an additional 22,942 shares during the period. Mercer Global Advisors Inc. ADV increased its holdings in shares of Constellium by 46.9% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 35,277 shares of the industrial products company’s stock valued at $665,000 after acquiring an additional 11,267 shares in the last quarter. EP Wealth Advisors LLC purchased a new position in Constellium in the fourth quarter worth about $321,000. Mackenzie Financial Corp raised its stake in shares of Constellium by 0.4% in the fourth quarter. Mackenzie Financial Corp now owns 132,642 shares of the industrial products company’s stock worth $2,511,000 after purchasing an additional 512 shares during the last quarter. Finally, Empowered Funds LLC lifted its stake in Constellium by 3.9% during the 4th quarter. Empowered Funds LLC now owns 671,222 shares of the industrial products company’s stock valued at $12,653,000 after acquiring an additional 25,231 shares during the period. 92.59% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CSTM has been the topic of several research analyst reports. Wells Fargo & Company upped their target price on Constellium from $25.00 to $29.00 and gave the company an “overweight” rating in a research report on Thursday, February 19th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Constellium from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Thursday, February 19th. BMO Capital Markets raised their target price on Constellium from $25.00 to $30.00 and gave the company an “outperform” rating in a research report on Wednesday, February 18th. JPMorgan Chase & Co. boosted their price objective on Constellium from $26.00 to $29.00 and gave the company an “overweight” rating in a research note on Thursday, February 19th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Constellium in a report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $29.00.

About Constellium

Constellium SE is a global leader in the design and manufacture of high-performance aluminum products and solutions. The company serves key markets including aerospace, automotive, and packaging, offering advanced rolled and extruded aluminum sheet, plate and structural components. Its product portfolio encompasses precision-engineered parts for commercial and military aircraft, automotive body structures and closures, beverage and specialty packaging, as well as industrial and structural applications.

Established in 2011 through the consolidation of Rio Tinto Alcan’s rolled-products and engineered-products businesses, Constellium has built a reputation for innovation in lightweighting and sustainability.